Bitcoin LTH Profitability Outpaces STHs: Is A New Bullish Phase About To Comm...
Crypto analyst with the username PelinayPA has noted a recent shift in Bitcoin traders’ profitability with potentially strong bullish implications. Notably, the premier cryptocurrency continues to trade within the $115,000 price region after earlier price gains on Thursday were followed by a correction of equal measure. Related Reading: Bitcoin Market Structure Strengthens As Cooling Z-Score […]
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On-chain analytics firm Glassnode has explained how a flip in Bitcoin short-term holder profitability could act as a precondition for a sustained price recovery. Bitcoin STH Supply In Profit Is Currently Under 50% In a new post on X, Glassnode has talked about the latest trend in the Supply in Profit metric for the Bitcoin short-term holders (STHs). The Supply in Profit measures, as its name suggests, the percentage of the BTC supply that’s currently being held at some net unrealized gain. Related Reading: Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment In....
Bitcoin is once again at a turning point as the market struggles to recover from heavy selling pressure. After losing the $115,000 level earlier this week, BTC is now fighting to hold $110,000, a threshold that many investors see as critical for maintaining short-term stability. The sharp drop has shaken confidence, with traders increasingly concerned about the possibility of a deeper correction if support fails. Related Reading: Aster Forms Bullish Hammer At Key Support – Reversal Setup? Market sentiment has shifted quickly from bullish optimism to caution, as volatility rises and....
The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover. “Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level.In the latest The Week OnChain Newsletter published on Monday, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that each psychological price level from $40,000 to $30,000 to $20,000 creates a new group of short-term holders....
Bitcoin mining profitability is subject to a number of things and recently these factors have been affecting mining profitability, hence putting it under pressure. The amount of money miners are making from carrying out their activities are low, contributed by the growing hashrate, mining difficulty, and last but not least, the price of the digital […]
Bitcoin mining has been seeing a decline in profitability in recent times. This comes as no surprise given the drop in the value of the token and since profitability largely depends on what price BTC is trading at, it has led to a decline in cash flow. As the ripple effects of the market crash […]